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That's assuming the crisis passes relatively quickly. If energy prices remain inflated for years, and your business model depends on cheap energy, and perhaps
by scottLobster 4y ago
That's assuming the crisis passes relatively quickly. If energy prices remain inflated for years, and your business model depends on cheap energy, and perhaps the US government awakens from its drunken stupor one morning and starts offering incentives on top of that...
- hef19898 4y agoAn other if: The countries currently hosting those industries do nothing to hold them. By the way, German energy prices for industry were among the lowest in Europe up to the current FUBAR situation. The brunt of electricity price increades due to the Energiewende is born by consumers.
- scottLobster 4y agoTrue, but you sacrifice global competitiveness if you force a company to operate uneconomically, and Germany is an export-driven nation, even more so if German consumers are being eaten alive by inflation. Not that said countries won't try or that the industries are leaving tomorrow, but at the end of the day the energy has to come from somewhere, and every day it doesn't those businesses are losing money, or the taxpayers are losing money subsidizing them. In the worst cases you end up like that Soviet company that exported industrial furnaces to then West Germany and was held up as a bastion of Soviet global competitiveness, when the West German buyers were literally melting down the furnaces for the raw metals because they were just so cheap and the metals so comparably valuable in the global market.